News for JITF Infralogistics Limited (JITFINFRA.NS)

The Nifty IT index was trading 0.38 per cent down at 35489.3.

The Nifty Bank index was trading 0.03 per cent down at 56511.1.

In the Nifty 50 index, 20 stocks were trading in the green, while 30 stocks were trading in the red.

Benchmarks pared initial losses after starting lower on Monday following new allegations by US-based short-seller Hindenburg Research

The NSE Nifty 50 and S&P BSE Sensex opened at all-time highs, rising about 0.3% each, before closing with the Nifty down 0.18% to 23,516 and the Sensex up 0.05% to 77,337. The MACD indicator signals bullish momentum for Hitachi Energy India, Axis Bank, Force India, Ingersoll-Rand India, and JITF Infralogistics.

The Nifty Realty index was trading 1.03 per cent down at 999.55.

The Nifty Pharma index was trading 0.03 per cent up at 19221.95.

The Nifty Bank index was trading 0.99 per cent down at 48657.65.

The top gainer so far this year is Jai Balaji Industries. Its shares have rocketed 1,291 per cent to 761.05 on December 19 against Rs 54.70 apiece on December 30 last year

In H1, Sensex surged nearly 3,878 points, or 6.37 per cent, to a record close of 64,718.56 on June 30; the Nifty rallied 1,083.75 points, or 5.99 per cent, to 19,189.05

Among the major movers on the National Stock Exchange (NSE), agri-biotechnology firm Equippp Social Impact Technologies has emerged as the top gainer in the list.

Penny stocks that are low on price cannot be betted upon by every investor class owing to the high risk and for the medium to long term now experts have been advising not to bet on penny stocks as these stocks with a low float carry a high risk and are subject to high manipulation.

These penny stocks delivered multibagger returns of up to 30 times since last Diwali.